An organisation using smart contracts and agreed voting mechanisms for governance. Decentralisation depends on voting distribution and permissions. Code does not eliminate human decisions, software risks or legal obligations.
Applications using decentralised infrastructure, often blockchain and smart contracts. Interfaces, hosting and other components may remain centralised. The dApp label does not guarantee security or complete decentralisation.
Financial services built on blockchain and smart contracts, such as lending and exchange. They reduce some traditional intermediaries but introduce other dependencies. Risks include contract bugs, liquidity and external data sources.